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Planet 13 Holdings (PLNH) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 12, 2026 · Planet 13 Holdings (PLNH) Q2 2026 earnings results →
Q2 2026 Revenue down 15% year over year to $22.9M · 24¢ of every $1 of revenue lost · operating margin -11.9%
Planet 13 Holdings made $22.9M in Q2 2026 (-15% Y/Y): Retail $22.3M, Wholesale $563K. Operating margin -11.9%, net loss $5.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 12, 2026.
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What changed this quarter
Revenue was $22.9M in Q2 2026, down 15% year over year and up 8% from the previous quarter. Retail was the largest line at 98% of revenue. Wholesale lost $2.1M year over year (down 79%), 52% of the total change.
Gross margin was 53.9%, up 10.5 points from Q2 2025. Operating costs exceeded revenue by $2.7M, an operating margin of -11.9%. Operating expenses fell 19% while revenue fell 15%. The quarter ended with a net loss of $5.6M, narrower than the previous quarter's $8.1M loss.
Operating cash flow was $602K. Non-cash charges added back $2.2M of depreciation and $661K of share-based compensation. Working capital and other items added $3.3M. Capital expenditures of $423K left free cash flow of $179K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 12, 2026 | $22.9M | -15% | -11.9% | −$5.6M | $602K |
| Q1 2026 | 10-Q | May 13, 2026 | $21.1M | -25% | -18.5% | −$8.1M | −$173K |
| Q4 2025 | 10-K | Mar 25, 2026 | $25.2M | -17% | -1.8% | −$4.6M | −$3.6M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $23.3M | -28% | -185.4% | −$44.0M | −$4.2M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $26.9M | -14% | -25.6% | −$13.3M | −$1.2M |
| Q1 2025 | 10-Q | May 14, 2025 | $28.0M | +22% | -6.5% | −$2.0M | −$5.2M |
| Q4 2024 | 10-K | Mar 26, 2025 | $30.3M | +32% | -83.0% | −$26.4M | −$1.4M |
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About Planet 13 Holdings
We are a vertically integrated cultivator and provider of cannabis and cannabis-infused products in the States of Nevada and California, with retail cannabis operations in Illinois. In addition to these operational cannabis licenses, we hold a license and are developing operations in Florida. Our common stock is listed for trading on the Canadian Securities Exchange (“ CSE ”) under the symbol “PLTH” and quoted on the OTCQX in the United States under the symbol “PLNH.” Through our subsidiaries in Nevada, we hold six licenses for cultivation (three medical licenses and three adult-use licenses), six licenses for production (three medical licenses and three adult-use licenses), three dispensary licenses (one medical license and two adult-use licenses) and one distribution license (adult-use and medicinal).
In its own words, from its 10-K, filed Mar 25, 2026.
Planet 13 Holdings against its Agricultural Production-Crops peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -15% against the peers' median +5%. Operating margin: -11.9% against the peers' median 5.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| PLNH Planet 13 Holdings | Q2 2026 | $22.9M | -15% | -11.9% |
| CTVA Corteva | Q2 2026 | $6.4B | -1% | 24.7% |
| DOLE Dole | Q2 2026 | $2.5B | +3% | 1.9% |
| DMC Del Monte | Q3 2026 | $1.1B | +7% | 2.7% |
| GTBIF Green Thumb Industries | Q3 2026 | $324M | +11% | 7.7% |
| VRNO Verano Holdings | Q3 2026 | $212M | +5% | 5.6% |
| TSNDF TerrAscend | Q3 2026 | $68.2M | +5% | 15.1% |
| VFF Village Farms International | Q2 2026 | $64.0M | +7% | 17.4% |
| LMNR Limoneira | Q3 FY26 | $43.8M | -8% | -6.8% |
Source: Planet 13 Holdings 10-Q on SEC EDGAR · CIK 1813452 · Agricultural Production-Crops
13F: who owns PLNH and who is buying
More on PLNH
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results